PIMCO New York Municipal Income Fund II Announces Monthly Dividend of $0.03 (NYSE:PNI)

PIMCO New York Municipal Income Fund II (NYSE:PNI) declared a monthly dividend on Monday, November 3rd. Shareholders of record on Friday, November 14th will be given a dividend of 0.0295 per share on Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Friday, November 14th.

PIMCO New York Municipal Income Fund II Trading Down 0.6%

PNI stock opened at $6.98 on Tuesday. The firm has a 50 day moving average price of $6.90 and a 200-day moving average price of $6.74. PIMCO New York Municipal Income Fund II has a 52-week low of $6.43 and a 52-week high of $7.65.

Institutional Investors Weigh In On PIMCO New York Municipal Income Fund II

Several large investors have recently bought and sold shares of PNI. Beckerman Institutional LLC raised its stake in PIMCO New York Municipal Income Fund II by 72.2% during the 1st quarter. Beckerman Institutional LLC now owns 39,104 shares of the company’s stock valued at $277,000 after buying an additional 16,389 shares during the last quarter. Morse Asset Management Inc raised its stake in PIMCO New York Municipal Income Fund II by 7.4% during the 1st quarter. Morse Asset Management Inc now owns 43,777 shares of the company’s stock valued at $310,000 after purchasing an additional 2,998 shares during the period. Blue Bell Private Wealth Management LLC boosted its position in shares of PIMCO New York Municipal Income Fund II by 29.0% during the first quarter. Blue Bell Private Wealth Management LLC now owns 7,110 shares of the company’s stock worth $50,000 after acquiring an additional 1,600 shares during the last quarter. Sit Investment Associates Inc. grew its position in shares of PIMCO New York Municipal Income Fund II by 38.9% during the first quarter. Sit Investment Associates Inc. now owns 178,388 shares of the company’s stock valued at $1,263,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in PIMCO New York Municipal Income Fund II in the 1st quarter worth approximately $79,000.

About PIMCO New York Municipal Income Fund II

PIMCO New York Municipal Income Fund II is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in municipal bonds that pay interest that is exempt from federal, New York State, and New York City income tax.